With a market cap surpassing the $1 billion mark, the PYTH network has increased by 3.13% in the past 24 hours. Currently, the PYTH token is trading at $0.2896, with a recovery rally gaining momentum.
Revealing a triangle pattern in the daily chart, the bull cycle from the $0.24 support level teases a breakout rally. The PYTH token surged by 8.38% last night to form a bullish engulfing candle.
Currently, it is taking resistance from the overhead trend line.
Hence, the overall likelihood of the PYTH network reclaiming the $0.50 psychological mark is increasing.
Pyth Network has already achieved significant milestones, including securing over $1 billion in total value and supporting over 250 applications. These achievements underscore the network's vital role in the DeFi ecosystem, providing the foundational data infrastructure necessary for the secure and efficient operation of a new generation of financial applications.
Pyth Network is up 2.05% in the last 24 hours. The current CoinMarketCap ranking is #61, with a live market cap of $1,049,484,543 USD. It has a circulating supply of 3,624,988,793 PYTH coins and the max.
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